Method of finishing edges of walls, window jams, doors, or projections with decorative strips of wood to give a better appearance as well as providing protection from jagged edges and helping in preventing drafts. Molding may be fabricated from any material; however, almost all are made from wood. In classical times, molding was made from stone. Molding is now mass produced and can be purchased ready made although it still must be cut to size.
Popular Real Estate Terms
Foreign-born individual not qualifying as a citizen of the country in which he or she resides. ...
Width of a stair. ...
Physical decline in a property's value caused from use, old age, and environmental factors. ...
A company that is terminated within 3 years. According to the tax law, a gain arising from the sale or liquidation of such a business is considered ordinary income to the individual ...
Approach to determining a capitalization rate for use in valuating property so as to arrive at a suitable purchase price. To the risk free interest rate is added a risk premium to cover the ...
The right of local government to take property when no person are legally entitled to inherit or make claim to a deceased' property. ...
Plywood whose surface is given parallel scratches or grooves in the manufacturing process. It provides, increased bond to adhesives, mortar, plaster, or stucco as well as giving a grain ...
The abstraction method is a valuation procedure used to determine the land value relative to the total market value of the property. The abstraction approach is most often used when there ...
Reconsideration of the value of real property. An example is getting property appraised each year to determine its current value for tax or purposes of determining whether to sell ...

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